PRICE
$295,000 + SAV (negotiable)

OPPORTUNITY
The sale of the business represents a rare opportunity for a motivated buyer to acquire a well-established licensed Italian restaurant in one of the Southern suburbs of Brisbane. The restaurant does not open until late afternoon and there is a strong sales growth potential for a buyer interested in serving lunches (restaurant or pizza takeaway or both). The population boom recently experienced in the area further reinforces solid growth prospects. Ideal for a motivated, pro-active Italian cuisine savvy person with some food related experience or an experienced chef ready to operate their own business. The vendor, due to health reasons, has decided to retire and will consider all reasonable offers.

OPERATIONAL
The business was started in the 70s by a true connoisseur of Italian cuisine who has strived to establish an excellent reputation for his restaurant. The owners efforts still bear fruits today since the restaurant enjoys an ever-increasing regular clientele. The business is open six days per week, for dinner only, and currently operates with one full-time chef; the owner just manages general operations. The restaurant is fully licensed and also offers a separate takeaway option to its clientele.

BUSINESS ASSETS
The available business assets include the stock and all relevant furniture and plant & equipment items but exclude a pasta machine and its associated utensils.

FINANCIAL DETAILS

Sales Revenue (approx)
$707,000 per annum

Weekly Turnover (approx)
$13,600 (dinner only)

Gross Profit
$498,564 (2007/2008 financial year)

COGS Percentage (approx)
29%

Revenue Source
Restaurant/Bar(Licensed)/Takeaway

GENERAL DETAILS

Date Established
1975

Employees
1 full-time chef
18 casual employees

Trading hours
6 days trading
5.00pm 10.00pm Tue to Sat
5.00pm 9.30pm Sun

For more information, please contact Laurent Corgnet on 0411 655 852 or lcorgnet@ljhc.com.au